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limiting the deductions there have been proposals from governor romney during the presidential campaign, and from other republicans, when you talk about those limitations on deductions, do you include the charitable deduction and the home mortgage deduction? >> i think you're right to point out the essential problem in this, which is, if you try to limit deductions with a $25,000 cap, what you do is you end up hitting millions and millions -- actually 17 million americans -- a huge part of the revenue comes from that basic fact, which we're not prepared to do -- it completely eliminates the incentives for wealthy americans to give to charities and if you protect the charitable contributions you reduce. so, those proposals, they may be worth considering, but if you design them carefully, they don't raise revenue you need to get us back to a fiscally responsible position. >> are you saying that the charitable deductions should be off the table? >> we propose a percentage limit on the value of all of the deductions and inclusions for 2% of americans. what that does is, it preserves a very
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